PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2020 | 6 (20) | nr 4 | 95--117
Tytuł artykułu

What Determines the Scale of State Ownership in Enterprises? Some Evidence from Post-Socialist Countries

Autorzy
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
State-owned enterprises still play an important role in many countries around the world. The aim of this research is to indicate which factors had a significant impact on the scale of state ownership in enterprises in the group of twenty eight post-socialist countries. The large scale privatisation indicator from the EBRD and the novel microlevel-based SOE measure were regressed on sets of cultural, political, economic and control variables. The results show that cultural factors-represented by the dominant religion-had a substantial impact on the scale of state ownership in enterprises while the role of political and economic factors was less pronounced. These results emphasise the importance of cultural factors in shaping the scale of state ownership in enterprises. This study contributes to the literature by analysing factors influencing the scale of state ownership in enterprises in contemporary economic conditions which has been missing until now.(original abstract)
Rocznik
Tom
Numer
Strony
95--117
Opis fizyczny
Twórcy
  • The Poznań University of Economics and Business
Bibliografia
  • Alesina, A., & Giuliano, P. (2015). Culture and institutions. Journal of Economic Literature, 53(4), 898-944.
  • Bai, C., Li, D., Tao, Z., & Wang, Y. (2000). A multitask theory of state enterprise reform. Journal of Comparative Economics, 28(4), 716-738.
  • Bałtowski, M., & Mickiewicz, T. (2000). Privatisation in Poland: Ten years after. PostCommunist Economies, 12(4), 425-443. doi:10.1080/14631370050216498.
  • Barrett, D., Kurian, G., & Johnson, T. (2001). World Christian encyclopedia: A comparative survey of churches and religions in the modern world. New York: Oxford University Press.
  • Beugelsdijk, S., Maseland, R., & van Hoorn, A. (2015). Are scores on Hofstede's dimensions of national culture stable over time? A cohort analysis. The Global Strategy Journal, 5, 223-240.
  • Bjørnskov, C., & Potrafke, N. (2011). Politics and privatization in Central and Eastern Europe: A panel data analysis. Economics of Transition, 19(2), 201-230. doi:10.1111/ j.1468-0351.2010.00404.x.
  • BP. (2019). BP statistical review of world energy 2019. Retrieved April 15, 2020 from www.bp.com/en//global/corporate/energy-economics/statistical-review-of-worldenergy.html.
  • Brunnschweiler, N., & Bulte, H. (2008). The resource curse revisited and revised: A tale of paradoxes and red herrings. Journal of Environmental Economics and Management, 55(3), 248-264.
  • Center for Systemic Peace. (2020). Major episodes of political violence 1946-2014. Retrieved April 15, 2020 from www.systemicpeace.org/warlist/warlist.htm.
  • Christiansen, H., & Kim, Y. (2014). State-invested enterprises in the global marketplace: Implications for a level playing field. (OECD Corporate Governance Working Papers 14). doi:10.1787/5jz0xvfvl6nw-en.
  • Cruz, C., Keefer, P., & Scartascini, C. (2018). Database of political institutions 2017 (DPI2017). Inter-American Development Bank. Numbers for Development. https:// mydata.iadb.org/Reform-Modernization-of-the-State/Database-of-PoliticalInstitutions-2017/938i-s2bw.
  • De Melo, M., Denizer, C., Gelb, A., & Tenev, S. (2001). Circumstance and choice: The role of initial conditions and policies in transition economies. World Bank Economic Review, 15(1), 1-31.
  • Di Tommaso, M. L., Raiser, M., & Weeks, M. (2007). Home grown or imported? Initial conditions, external anchors and the determinants of institutional reform in the transition economies. The Economic Journal, 177(520), 858-881.
  • Esanov, A., Raiser, M., & Buiter, W. (2004). Nature's blessing or nature's curse: The political economy of transition in resource-based economies. (Discussion Papers on Development Policy 81. ZEF: Bonn).
  • European Bank for Reconstruction and Development (EBRD) database. (2014). Transition indicators by country. Retrieved April 15, 2020 from www.ebrd.com/ documents/oce/transition-indicators-by-country.xlsx.
  • Froese, P. (2004). After atheism: An analysis of religious monopolies in the post-communist world. Sociology of Religion, 65(1), 57-75.
  • Gorodnichenko, Y., & Roland, G. (2011). Which dimensions of culture matter for longrun growth?. American Economic Review: Papers & Proceedings, 101(3), 492-498.
  • Grigoriadis, T. (2016). Religious origins of democracy & dictatorship. Journal of Policy Modelling, 38(5), 785-809.
  • Guiso, L., Sapienza, P., & Zingales, L. (2006). Does culture affect economic outcomes?. Journal of Economic Perspectives, 20(2), 23-48.
  • Hofstede, G. (2001). Culture's consequences: Comparing values, behaviors, institutions and organizations across nations (2nd ed.). Thousand Oaks, CA: Sage Publications.
  • Kopstein, J., & Reilly, D. (2000). Geographic diffusion and the transformation of the post-communist world. World Politics, 53(1), 1-37.
  • Kowalski, T. (2013). Globalization and transformation in Central European countries: The case of Poland. Poznan: Poznan University of Economics Press.
  • Kowalski, P., Buge, M., Sztajerowska, M., & Egeland, M. (2013). State-owned enterprises: Trade effects and policy implications. (OECD Trade Policy Paper 147, 1-33). doi:10.1787/5k4869ckqk7l-en.
  • La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (1999). The quality of government. The Journal of Law, Economics and Organization, 15(1), 222-279.
  • Landes, D. (2000). Culture makes almost all the difference. In: L. E. Harrison & S. P. Huntington (Eds.), Culture matters: How values shape human progress (pp. 2-12). New York: Basic Books.
  • Megginson, W., & Netter, J. (2001). From state to market: A survey of empirical studies on privatization. Journal of Economic Literature, 39(2), 321-389.
  • Mihályi, P. (2017). The motivation of business leaders in socialist and market-based systems (an essay to celebrate the 90th birthday of János Kornai). Economics and Business Review, 3(17), 100-111. doi 10.18559/ebr.2017.3.6.
  • Opper, S. (2004). The political economy of privatization: Empirical evidence from transition economies. Kyklos, 57(4), 559-586. doi:10.1111/j.0023-5962.2004.00269.x.
  • Pejovich, S. (2003). Understanding the transactional costs of transition: It's the culture, stupid. The Review of Austrian Economics, 16(4), 347-361.
  • Piątek, D., Pilc, M., & Szarzec, K. (2019). What determines the institutional change in transition economies?. Argumenta Oeconomica, 1(42), 235-272.
  • Piątek, D., Szarzec, K., & Pilc, M. (2013). Economic freedom, democracy and economic growth a casual investigation in transition countries. Post-Communist Economies, 25(3), 267-288.
  • Ratajczak, M. (2009). Transformacja ustrojowa w świetle ustaleń i założeń ekonomii instytucjonalnej [Political transition in the light of the assumptions and findings of institutional economics]. Ruch Prawniczy, Ekonomiczny i Socjologiczny, (2), 233-251.
  • Schweickert, R., Melnykovska, I., Belke, A., & Bordon, I. (2011). Prospective NATO or EU membership and institutional change in transition countries. Economics of Transition, 19(4), 667-692.
  • Spolaore, E., & Wacziarg, R. (2013). How deep are the roots of economic development?. Journal of Economic Literature, 51(2), 325-369.
  • Staehr, K. (2011). Democratic and market-economic reforms in the post-communist countries. The impact of enlargement of the European Union. Eastern European Economics, 49(5), 5-28.
  • Szarzec, K., Dombi, Á., & Matuszak, P. (2019). State-owned enterprises and economic growth: Evidence from the post-Lehman period. (Working Paper. Poznan University of Economics and Business: Poznan, Poland; Eötvös Loránd University: Budapest, Hungary). Retrieved April 15, 2020 from https://www.researchgate.net/publication/339433139_Stateowned_enterprises_and_economic_growth_Evidence_from_ the_post-Lehman_period.
  • Szarzec, K., & Nowara, W. (2017). The economic performance of state-owned enterprises in Central and Eastern Europe. Post-Communist Economies, 29(3), 375-391.
  • Tarabar, D. (2017). Culture, democracy, and market reforms: Evidence from transition countries. Journal of Comparative Economics, 45(3), 456-480.
  • World Bank. (1995). Bureaucrats in business: The economics and politics of government ownership. Oxford: Oxford University Press.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171609071

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.